Brokerages Set Expeditors International of Washington, Inc. (NASDAQ:EXPD) PT at $116.00

Expeditors International of Washington, Inc. (NASDAQ:EXPD) has earned a consensus rating of “Reduce” from the eleven analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $116.00.

A number of research firms have weighed in on EXPD. Robert W. Baird boosted their price objective on Expeditors International of Washington from $118.00 to $126.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 3rd. UBS Group raised Expeditors International of Washington from a “sell” rating to a “neutral” rating and boosted their target price for the company from $95.00 to $137.00 in a research report on Thursday, August 1st. Wolfe Research downgraded Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 9th. Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a research note on Wednesday, August 7th. Finally, Bank of America boosted their target price on Expeditors International of Washington from $131.00 to $132.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd.

Institutional Investors Weigh In On Expeditors International of Washington

A number of institutional investors have recently added to or reduced their stakes in EXPD. Crewe Advisors LLC acquired a new stake in Expeditors International of Washington during the first quarter valued at approximately $25,000. Innealta Capital LLC purchased a new position in Expeditors International of Washington during the 2nd quarter worth approximately $31,000. Family Firm Inc. purchased a new stake in shares of Expeditors International of Washington in the second quarter valued at $35,000. ORG Partners LLC raised its position in Expeditors International of Washington by 752.0% during the first quarter. ORG Partners LLC now owns 426 shares of the transportation company’s stock valued at $51,000 after buying an additional 376 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Expeditors International of Washington in the 2nd quarter worth about $52,000. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Stock Performance

Expeditors International of Washington stock opened at $123.02 on Friday. The company has a market capitalization of $17.36 billion, a PE ratio of 26.40, a P/E/G ratio of 5.51 and a beta of 0.97. Expeditors International of Washington has a fifty-two week low of $107.03 and a fifty-two week high of $131.59. The company has a 50 day moving average price of $122.55 and a 200-day moving average price of $120.98.

Expeditors International of Washington (NASDAQ:EXPD) last released its earnings results on Tuesday, August 6th. The transportation company reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period last year, the firm earned $1.30 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. On average, analysts forecast that Expeditors International of Washington will post 5.01 earnings per share for the current year.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.